DIVISLAB trade ideas
Trend line breakout for DIVISLAB Buy at CMP,
Target 1 - 1492
Target 2 - (Above 1496) target for 1517
SL - 1445
RSI (14) looks strong, momentum building up.
This is a Positional Trade.
This is my analysis, please do take time to make your
own analysis before engaging in a certain trade setup
Thank you!
Different Patterns identification during the Trading Well some one commented that i should post some educational post , and there was conflict why i consider Divis has one more move up and then drop
You have identify them in real time while they forming and trade in the direction of larger trend
01) Expanding triangle , it usually forms in complex B wave after an Impulse move up
02) Expanding flat occur as intermediate trend pattern when occurred during and strong impulse , also occur when trend gets weaker after an strong move , Up or down
when they occur after an strong move with weak price action or range bond prier to this pattern , that means they are turning the current trend in to opposite direction based on time frame you are in to , if for ex you are in 1 Hour they are turning based on 1 hour structure and if you notice it on weekly they will give sign of turning on weekly time frame , they indicate based on previous move what will likely to happen next .
03) Regular flats can occur any giving time , most of them will be in Complex B wave , they indicate change in the trend after an brief move form that level .
04) Contracting flats can occur when any stock or scrip has moved too fast too far form its start of impulse , usually the will be very sharp when they brake the trend
Hope you Guys will look for these patterns in scrips you are going to trade in Future
Regarding divis lab i have view its might be making an Contracting falt , i may be wrong but i am looking the to sell on brake of the structure
sell on rise Sell on rise after reversal on 1 Hour , let the price move up ,
its funny when people try to copy chart style when they dont know where the stock is heading , up till now they ware only an arrow mark trading posts but today i see they are trying to post like me , its called blind fools , because they have no idea where the stock heads & where its likely turn around ,
Wait for complete reversal in order to Go short